170 Monterey Way Phoenix, AZ 85012

This exceptional 7,105 square foot parcel presents a remarkable development opportunity in Phoenix's vibrant Midtown area. Located between Central Avenue and 3rd Street, this R-5 zoned lot is ideally situated for new construction of professional office space or residential/multifamily units. The surrounding neighborhood showcases a mix of smaller professional office/retail buildings, larger multi-story office buildings, retail centers, restaurants, and substantial multifamily developments, indicating a thriving and diverse community. The property's proximity to 3rd Street, a planned "signature street" fostering a mixed-use district, further enhances its potential. This infill lot is particularly attractive to developers seeking to establish a presence in a rapidly evolving and highly desirable section of the Phoenix Valley, suitable for office, medical office, or multifamily projects. The property's address is 170 E Monterey Way, Phoenix, AZ 85012, with APN 118-34-060-A. This is a prime location for investors looking to capitalize on the area's significant growth and redevelopment. The asking price is $320,000.